Analysis

Experimental design (Design of Experiments) | Example

Before an experiment can be conducted, the experimental design must be carefully planned to ensure that experimental objectives can be accomplished, assumptions required for hypotheses testing and data analysis are valid, randomization requirements are met, and the experiment is reproducible.  The experimental design refers to the specific manner in which the experiment will be set […]

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Six Sigma Methodology for Process Optimization | Case study

Six Sigma Methodology (or interpretation, “6 Sigma”) is become increasingly common in the practice of modern companies. This article provides an example of how to apply the technique “6 Sigma” at the stage when the business processes of the enterprise are described, graphical models are built, and their analysis is carried out for subsequent optimization.

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Value Stream Mapping Algorithm for Optimizing Production Flow

The Value Stream Mapping (VSM) Algorithm is a systematic and effective approach. It is useful for identifying, analyzing, improving, and optimizing the flow of production.     Value stream mapping is the most common method of identifying losses in the production flow of a particular product. It is mandatory when building a flow, aimed at

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T test | Six Sigma tools

What is T Test?   T test is six sigma comparative method that provides confidence intervals for the manufacturing to make decision. To understand T test, central limit theorem and hypothesis test concept are very important. Central limit theorem If we repeatedly sample from a population and calculate the meaning of each sample, we can

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Optimizing Value Stream Diagram: Avoiding Common Mistakes

The accurate value stream diagram may help you to avoid complexities, highlight the importance of product family analysis, identify utilization of resources, and separate inventory causes from actual processes.   Confusion about Product families   When reviewing the value stream diagram submit by the supervisor. It is sometimes found that there are many small value

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Zero defects: 10 Myths | A Powerful Quality Philosophy

Zero defects are a transformative quality philosophy, and practical guide that helps to reduce costs, and improve quality.       Zero defects is just one method of quality management.   The meaning of this question is: there are too many methods of quality management, which is dazzling, and Zero defects is only one of

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Technical Analysis: Methods, Assumptions, and Benefits

Technical analysis is a method of predicting prices by considering charts of market movements for previous periods of time. Under the term “market movement”, analysts understand three main types of information: price, trading volume and open position. For a more comprehensive analysis of price changes, along with fundamental analysis, technical analysis of the market, also

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6 Sigma Management: Advancing TQM Towards improvement.

6 Sigma management, as a modern total quality management based on the principle of economy. It is gradually attracting people’s attention. Understanding 6 Sigma does not require deep statistical techniques or background. In fact, what 6 Sigma can be answers in a variety of different ways.   Here we will specifically define 6 Sigma as:

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Quality management system analysis

Quality management system analysis is evaluating & assessing the system documents, procedures, processes to ensure the effectiveness and efficiency of the system. First of all, let’s divide the entire management of the company into two essential and, often, contradictory components: Operational management. System management. Operational Management   The operational management is based on the current

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Golden Rules of Gemba Kaizen System Management

Golden Rules of Gemba Kaizen | There are actually five Golden Rules of Gemba Kaizen for better improvement of production flow levels. Sadly, most managers prefer their own desk as a workplace, and they have as a rule, there is a desire to distance oneself from the events taking place in the Gemba. Many executives

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